Policies · BFSI
Northlink Fiscal and Capital Services Limited has told MSEI it is not required to file related-party transaction disclosures for the half year ended 30 September 2026, citing exemption thresholds under SEBI listing rules.
✦ AI SUMMARY 30-second read
- The company's paid-up capital does not exceed Rs. 10 Crore and its net worth does not exceed Rs. 25 Crore, based on audited financials as at 31 March 2026.
- These figures place it below the thresholds that trigger Corporate Governance provisions under Regulation 15(2) of SEBI (LODR) Regulations, 2015.
- As a result, Regulation 23(9), which mandates disclosure of related-party transactions every half year, does not apply to the company.
Why it matters: The filing clarifies the company's compliance status and signals which listed firms fall outside mandatory related-party disclosure requirements.
This summary was generated by AI. Editors may review and update it.
Document details
| Document type | Rules & Regulation |
|---|---|
| Issued by | SEBI |
| Region | India |
| Published | 13 November 2026 |
Northlink Fiscal and Capital Services Limited informed the listing department of Metropolitan Stock Exchange of India Limited on 13 November 2026 that it is exempt from submitting related-party transaction disclosures for the half year ended 30 September 2026.
The communication, signed by authorised signatory Shamli Madia, was filed to establish non-applicability of Regulation 23(9) of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.
The basis for the exemption is that the company's paid-up capital does not exceed Rs. 10 Crore and its net worth does not exceed Rs. 25 Crore, as reflected in its audited financial statements for the year ended 31 March 2026.
What the document says
The company stated that, read together, Regulation 23(9) and Regulation 15(2) of the SEBI (LODR) Regulations, 2015 exempt it from the Corporate Governance provisions that would otherwise require half-yearly disclosure of related-party transactions.
Because both financial thresholds — paid-up capital of Rs. 10 Crore and net worth of Rs. 25 Crore — are not exceeded, the obligation to file the related-party disclosure for the half year ended 30 September 2026 does not arise.
Who is affected
The filing applies solely to Northlink Fiscal and Capital Services Limited in respect of the reporting period ended 30 September 2026.
The exemption is premised on audited figures as at 31 March 2026; any change in paid-up capital or net worth beyond the prescribed thresholds in a subsequent financial year could alter the company's compliance obligations.
What happens next
The disclosure has been submitted to MSEI for information and record, completing the company's immediate filing requirement.
No further action on the related-party disclosure for this half year is required from the company under the cited regulations.
